Wednesday, May 25, 2022

EvoNexus Expands Silicon Valley FinTech Incubator Effort

EvoNexus, the startup incubator effort which originally had focused on attracting startups to San Diego and Orange County, is expanding its efforts in Silicon Valley, saying that it is looking for new, early-stage start-up applicants for its Silicon Valley FinTech Incubator. The company said the incubator is being backed by Royal Bank of Canada and Franklin Templeton, and so far has had 17 fintech startups involved in incubation efforts. EvoNexus said the fintech incubator is looking at such areas as cryptocurrentcy, NFTs, driving ESG-minded investment decisions, democratizing access to traditionally hard-to-enter asset classes, protecting assets through innovative cybersecurity measures, and utilizing AI to make smarter and more timely investment decisions. The group expanded into Silicon Valley in 2019.